Just as everyone is staring at the high-level consolidation of Bitcoin, the long-silent Ethereum suddenly stands out—
On June 11, Ethereum surged past the $2800 mark, directly breaking through the 200-day moving average and shattering the two-week downward channel pressure.
Along with the price warming up, there is a whole set of on-chain, derivative, and policy benefits that make one have to ask: is Ethereum about to enter a new cycle?
The market has seen ETH break through key resistance, with technical images turning bullish.
This rise is not just a 'spike,' but accompanied by breaking through key resistance:
$2800 is the previous high where multiple rebounds failed;
Currently, ETH has stood above the 200-day SMA and is trying to convert it into support;
RSI is breaking through the overbought threshold, and MACD is about to golden cross, with bullish structural patterns forming.
The technical situation, combined with increased trading volume and soaring funding rates, is not a false breakout; it is a genuine rise with 'capital and structure.'
SEC shows goodwill: leaving a lifeline for DeFi.
The biggest explosive point actually comes from the beautiful country over there.
On June 10, the SEC held a roundtable discussion titled (DeFi and the American Spirit) (yes, just this title is already very meaningful).
SEC Chairman Paul Atkins clearly stated:
"Consider launching an innovative exemption mechanism to allow certain DeFi projects to obtain regulatory exemptions under specific compliance conditions, for trial first, then legislation."
Fundamentals for Ethereum: staking, locked positions, and stablecoins are all bullish.
This rebound is not just talk; it's backed by data:
🔹 ETH staking hits new highs.
Beacon Chain data shows that the total amount staked has reached 34.59 million ETH, setting a new historical high.
This means: investors are extremely optimistic about the long-term outlook for the Ethereum network and are unwilling to sell easily.
🔹 The dominant position of DeFi TVL is unshakeable.
The Ethereum network carries over 55% of the global DeFi locked volume, and the supply of stablecoins also exceeds 50%, continuously expanding its advantages under the trend of tokenization.
🔹 Derivatives are fully unleashed.
According to Coinglass data:
ETH contract shorts have closed over $80.31 million, far exceeding the longs;
Funding rates have surged to the highest point since May 23, indicating a strong return of the helm.
The implied volatility of options has risen to 70%, with bullish sentiment rapidly heating up in the short term.
This is not a mere 'bounce,' but a systematic repair from on-chain behavior to derivative structure.
The key point is that $3000 is not the endpoint, but the starting point?
The market will focus on several key positions next:
Key price levels indicate a long/short game point: $2850 previous high + first breakout target at the dense technical resistance of $3000 psychological level + concentrated option exercise point market sentiment explosion point at $3250 structural reversal confirmation zone, truly signaling the bull market's flag being planted on high ground.
Once ETH stabilizes above $3000, the market structure will complete the trilogy of 'adjustment → repair → explosion.'
